College Street/ Lawrence Avenue home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in College Street/ Lawrence Avenue, a Springfield neighborhood, fell by $16,000 while total sales remained unchanged with 13 homes sold, according to

From July through September of 2020, there were 13 homes sold, with a median sale price of $40,000 - a 28.6% decrease over the $56,000 median sale price for the same period of the previous year. There were 13 homes sold in College Street/ Lawrence Avenue in the third quarter of 2019, as well.

The median sales tax in College Street/ Lawrence Avenue for the most recent year with available data, 2018, was $1,565, approximately 3.9% of the median home sale price for the third quarter of 2020.

The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sales prices in the third quarter of 2020:

NeighborhoodJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Route 54/ Sangamon Ave.2342-45.2%$76,000$79,000-3.8%
4th Street/ Cook Street913-30.8%$73,000$45,50060.4%
Stanford Avenue/ Fox Bridge Road14140%$51,500$43,75017.7%
Southern View812-33.3%$51,000$48,5005.2%
College Street/ Lawrence Avenue13130%$40,000$56,000-28.6%
Route 97/ 9th Street3250%$32,000$60,000-46.7%
Route 29/ Route 97912-25%$31,000$42,500-27.1%
Arlington Heights713-46.2%$26,000$56,500-54%
Cook Street/ 11th Street23-33.3%$25,000$4,500455.6%

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